Ethereum (ETH), which is the largest crypto currency after Bitcoin with its market value, broke a new record today, surpassing the 1900 dollar level. How is the outlook in ETH with the new record?
Ethereum: ETH / USDT
Our chart moving inside the rising wedge formation on our 4-hour chart is in the Harmonic BUTTERFLY Pattern formation. It forms a strong resistance zone between the 1930 and 1940 levels. A correction can begin at these levels. The 1849 level should be followed as a strong support level. Unless 1710 level breaks and the candle closes below in the medium term, the Uptrend continues. The 2014 and 2062 levels, which we mentioned in our previous analyzes, should be pursued as targets.